Question
Kirk Furniture Company had net Accounts Receivable of $920,000 at the beginning of the year and $1,010,000 at the end of the year. Net Sales
| Kirk Furniture Company had net Accounts Receivable of $920,000 at the beginning of the year and $1,010,000 at the end of the year. Net Sales Revenue for 2010 was $6,670,000. What is the days to collect from customers? |
52.81 days
67.37 days
55.27 days
50.34 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
